Patrick W. Kellick, executive vice president, chief financialofficer and secretary of ACG Holdings, Inc., disclosed that ACGexpects its operating disbursements to total $96,915,000 byOctober 2008. The company also foresees incurring $6,800,000 inrestructuring costs for the period from July 16 to October 10,2008.

ACG expects its borrowings under its debtor-in-possession creditfacility amounts aggregating $122,833,000 within the 13-weekperiod ending on October 10, 2008.

ACG attached to its Initial Monthly Report copies of its activeinsurance certificates.

For the period from September 14, 2007 to July 11, 2008, ACG paida total of $280,751 in retainer fees to its professionals,according to a schedule of vendor retainer payments attached tothe Report.

American Color Graphics Inc. -- http://www.americancolor.com/-- is one of North America's largest and most experienced fullservice premedia and print companies, with eight print locationsacross the continent, six regional premedia centers, photographystudios nationwide and a growing roster of customer managedservice sites. The company provides solutions and services suchas asset management, photography, and digital workflow solutionsthat improve the effectiveness of advertising and drive revenuesfor their customers.

The company filed and its four affiliates filed for Chapter 11 protection on July 15, 2008 (Bank.D.Del. Case No. 08-11467). Pauline K. Morgan, Esq. and Sean T. Greecher ,Esq., at Young, Conaway, Stargatt & Taylor represent the Debtors in their restructuring efforts. Lehman Brothers, Inc. serves as the company's financial advisors. When the Debtors filed for protection from their creditors they listed estimated assets $100 million to $500 million and estimated debts of $500 million to $1 billion.

ACG Holdings, Inc. and American Color Graphics also filed bankruptcy petition under the Companies' Creditors Arrangement Act before the Ontario Superior Court of Justice (Commercial List) on July 16, 2008. Jay A. Carfagnini, Esq., David B. Bish, Esq., and Jason Wadden, Esq. at Goodmans LLP are their solicitors. PricewaterhouseCoopers Inc. serves as their CCAA Information Officer.

BHM TECHNOLOGIES: Brown Co. of Waverly Files Schedules------------------------------------------------------The Brown Co. of Waverly filed its Schedules of Assets and Liabilities with the United States Bankruptcy Court for the Western District of Michigan, disclosing:

BHM TECHNOLOGIES: Brown Corp. of Greenville Files Schedules-----------------------------------------------------------The Brown Corp. of Greenville filed its Schedules of Assets and Liabilities with the United States Bankruptcy Court for the Western District of Michigan, disclosing:

BHM TECHNOLOGIES: Brown Realty Files Schedules of Assets & Debts----------------------------------------------------------------The Brown Realty Co., LLC, filed its Schedules of Assets and Liabilities with the United States Bankruptcy Court for the Western District of Michigan, disclosing:

Blue Water Plastics Mexico, Ltd., B.W.A.S. Mexico, L.L.C. and B.W.A.S.Holdings, Inc., all posted $0 in revenues, assets and liabilities for the month ended June 29, 2008.

About Blue Water Automotive

Blue Water Automotive Systems, Inc. designs and manufacturesengineered thermoplastic components and assemblies for theautomotive industry. The company's product categories includeairflow management, full interior trim/sub-systems, functionalplastic components, and value-added assemblies. They are supportedby full-service design, program management, manufacturing andtooling capabilities. With more than 1,400 employees, Blue Wateroperates eight manufacturing and product development facilitiesand has annual revenues of approximately US$200 million. Thecompany's headquarters and technology center is located inMarysville, Mich. The company has operations in Mexico.

In 2005, KPS Special Situations Fund II, L.P., and KPS SpecialSituations Fund II(A), L.P., acquired Blue Water Automotivethrough a stock purchase transaction. In 2006, the companyacquired the automotive assets and operations of Injectronics,Inc., a manufacturer of thermoplastic injection molded componentsand assemblies. KPS then set about reorganizing the company. Thecompany implemented a program to improve operating performance andaddress its liquidity issues. During 2007, the company replacedsenior management, closed two facilities, and reduced overheadspending by one third.

Blue Water Automotive and four affiliates filed for chapter 11bankruptcy protection Feb. 12, 2008, before the United StatesBankruptcy Court Eastern District of Michigan (Detroit) (Case No.08-43196). Judy O'Neill, Esq., and Frank DiCastri, Esq., at Foley& Lardner, LLP, serve as the Debtors' bankruptcy counsel.Administar Services Group LLC acts as the Debtors' claims,notice, and balloting agent. Blue Water's bankruptcy petitionlists assets and liabilities each in the range of $100 million to$500 million.

The Debtors filed their Liquidation Plan on May 9, 2008. The Plancontemplates a sale of substantially all of the Debtors' assetsand equity interests, except for a piece of real property locatedat Yankee Road, in St. Clair, Michigan. The Plan has beenconfirmed by the Court.

The Debtors selected Morrison & Foerster LLP as their generalbankruptcy counsel and David B. Stratton, Esq. and James C.Carignan, Esq. at Pepper Hamilton LLP as their counsel. TheDebtors hired AlixPartners LLP as their claims agent. TheOfficial Committee of Unsecured Creditors retained Landis Rath &Cobb LLP as its Delaware counsel.

The Debtors have asked for further extension to their exclusiveplan filing period through July 25, 2008, and solicit and obtainacceptances of that plan, through Sept. 26, 2008. (DeltaFinancial Bankruptcy News, Issue No. 11; Bankruptcy Creditors'Service Inc.; http://bankrupt.com/newsstand/or 215/945-7000).

HomeBanc Mortgage together with five affiliates filed for chapter11 protection on Aug. 9, 2007 (Bankr. D. Del. Case Nos. 07-11079through 07-11084). Joel A. Waite, Esq., at Young, Conaway,Stargatt & Taylor was selected by the Debtors to represent them inthese cases. The Official Committee of Unsecured Creditorsselected the firm Otterbourg, Steindler, Houston and Rosen, P.C.as its counsel. The Debtors' financial condition as of June 30,2007, showed total assets of $5,100,000,000 and total liabilitiesof $4,900,000,000. The Debtors' exclusive period to file a planends on April 7, 2008.

HomeBanc Mortgage together with five affiliates filed for chapter11 protection on Aug. 9, 2007 (Bankr. D. Del. Case Nos. 07-11079through 07-11084). Joel A. Waite, Esq., at Young, Conaway,Stargatt & Taylor was selected by the Debtors to represent them inthese cases. The Official Committee of Unsecured Creditorsselected the firm Otterbourg, Steindler, Houston and Rosen, P.C.as its counsel. The Debtors' financial condition as of June 30,2007, showed total assets of $5,100,000,000 and total liabilitiesof $4,900,000,000. The Debtors' exclusive period to file a planends on April 7, 2008.

LINENS 'N THINGS: Files Operating Report for June 28, 2008----------------------------------------------------------Linens 'N Things and its debtor-affiliates submitted to the United States Bankruptcy Court for the District of Delaware its their operating report for the month ended June 28, 2008:

Long Term Liabilities Long-term borrowings 175,410,355 Non-current deferred income - Other liabilities 984,578 ------------- Total long term liabilities 176,394,933 ------------- Total liabilities not subject to compromise 326,564,468

Clifton, New Jersey-based Linens 'n Things, Inc. --http://www.lnt.com/-- is the second largest specialty retailer of home textiles, housewares and home accessories in North Americaoperating 589 stores in 47 U.S. states and seven Canadianprovinces as of Dec. 29, 2007. The company is a destinationretailer, offering one of the broadest and deepest selections ofhigh quality brand-name as well as private label home furnishingsmerchandise in the industry. Linens 'n Things has some 585superstores (33,000 sq. ft. and larger), emphasizing low-priced,brand-name merchandise, in more than 45 states and about sevenCanadian provinces. Brands include Braun, Krups, Calphalon,Laura Ashley, Croscill, Waverly, and the company's own label. Linens 'n Things was acquired by private equity firm ApolloManagement in 2006.

LINENS N THINGS: LNT Inc. Files Assets and Debts Schedules----------------------------------------------------------LNT, Inc. filed its Schedules of Assets and Liabilities with the United States Bankruptcy Court for the District of Delaware:

A - Real Property Building in Secaucus, New Jersey $5,880,975 Land in Greensboro, North Carolina 400,400

Clifton, New Jersey-based Linens 'n Things, Inc. --http://www.lnt.com/-- is the second largest specialty retailer of home textiles, housewares and home accessories in North Americaoperating 589 stores in 47 U.S. states and seven Canadianprovinces as of Dec. 29, 2007. The company is a destinationretailer, offering one of the broadest and deepest selections ofhigh quality brand-name as well as private label home furnishingsmerchandise in the industry. Linens 'n Things has some 585superstores (33,000 sq. ft. and larger), emphasizing low-priced,brand-name merchandise, in more than 45 states and about sevenCanadian provinces. Brands include Braun, Krups, Calphalon,Laura Ashley, Croscill, Waverly, and the company's own label. Linens 'n Things was acquired by private equity firm ApolloManagement in 2006.

LINENS N THINGS: LNT Services Files Assets and Debts Schedules--------------------------------------------------------------LNT Services, Inc. filed its Schedules of Assets and Liabilities with the United States Bankruptcy Court for the District of Delaware:

Clifton, New Jersey-based Linens 'n Things, Inc. --http://www.lnt.com/-- is the second largest specialty retailer of home textiles, housewares and home accessories in North Americaoperating 589 stores in 47 U.S. states and seven Canadianprovinces as of Dec. 29, 2007. The company is a destinationretailer, offering one of the broadest and deepest selections ofhigh quality brand-name as well as private label home furnishingsmerchandise in the industry. Linens 'n Things has some 585superstores (33,000 sq. ft. and larger), emphasizing low-priced,brand-name merchandise, in more than 45 states and about sevenCanadian provinces. Brands include Braun, Krups, Calphalon,Laura Ashley, Croscill, Waverly, and the company's own label. Linens 'n Things was acquired by private equity firm ApolloManagement in 2006.

LINENS N THINGS: LNT West Files Assets and Debts Schedules----------------------------------------------------------LNT West, Inc. filed its Schedules of Assets and Liabilities with the United States Bankruptcy Court for the District of Delaware:

Clifton, New Jersey-based Linens 'n Things, Inc. --http://www.lnt.com/-- is the second largest specialty retailer of home textiles, housewares and home accessories in North Americaoperating 589 stores in 47 U.S. states and seven Canadianprovinces as of Dec. 29, 2007. The company is a destinationretailer, offering one of the broadest and deepest selections ofhigh quality brand-name as well as private label home furnishingsmerchandise in the industry. Linens 'n Things has some 585superstores (33,000 sq. ft. and larger), emphasizing low-priced,brand-name merchandise, in more than 45 states and about sevenCanadian provinces. Brands include Braun, Krups, Calphalon,Laura Ashley, Croscill, Waverly, and the company's own label. Linens 'n Things was acquired by private equity firm ApolloManagement in 2006.

Headquartered in Warrenville, Illinois, Neumann Homes Inc. --http://www.neumannhomes.com/-- develops and builds residential real estate throughout the Midwest and West US. The company isactive in the Chicago area, southeastern Wisconsin, Colorado, andMichigan. The company have built more than 11,000 homes in some150 residential communities. The company offer formal businesstraining to employees through classes, seminars, and computer-based training.

The company filed for Chapter 11 protection on Nov. 1, 2007(Bankr. N.D. Ill. Case No. 07-20412). George Panagakis, Esq., atSkadded, Arps, Slate, Meagher & Flom L.L.P., was selected by theDebtors to represent them in these cases. The Official Committeeof Unsecured Creditors has selected Paul, Hastings, Janofsky &Walker LLP, as its counsel in these bankruptcy proceeding. Whenthe Debtors filed for protection against its creditors, theylisted assets and debts of more than $100 million.

Based in Montreal, Quebec, Quebecor World Inc. (TSX: IQW) (NYSE:IQW), -- http://www.quebecorworldinc.com/-- provides market solutions, including marketing and advertising activities, wellas print solutions to retailers, branded goods companies,catalogers and to publishers of magazines, books and otherprinted media. It has 127 printing and related facilitieslocated in North America, Europe, Latin America and Asia. Inthe United States, it has 82 facilities in 30 states, and isengaged in the printing of books, magazines, directories, retailinserts, catalogs and direct mail.

The company has operations in Mexico, Brazil, Colombia, Chile,Peru, Argentina and the British Virgin Islands.

Quebecor World and 53 of its subsidiaries, including those inCanada, filed a petition under the Companies' CreditorsArrangement Act before the Superior Court of Quebec, CommercialDivision, in Montreal, Canada, on Jan. 20, 2008. The HonorableJustice Robert Mongeon oversees the CCAA case. Francois-DavidPare, Esq., at Ogilvy Renault, LLP, represents the Company inthe CCAA case. Ernst & Young Inc. was appointed as Monitor.

Based in Corby, Northamptonshire, Quebecor World PLC --http://www.quebecorworldplc.com/-- is the U.K. subsidiary of Quebecor World Inc. that specializes in web offset magazines,catalogues and specialty print products for marketing andadvertising campaigns. The company employs around 290 people.Quebecor PLC was placed into administration with Ian Best andDavid Duggins of Ernst & Young LLP appointed as jointadministrators effective Jan. 28, 2008.

Based in San Francisco, California, Sharper Image Corp. --http://www.sharperimage.com/-- is a multi-channel specialty retailer. It operates in three principal selling channels: theSharper Image specialty stores throughout the U.S., the SharperImage catalog and the Internet. The company has operations inAustralia, Brazil and Mexico. In addition, through its BrandLicensing Division, it is also licensing the Sharper Image brandto select third parties to allow them to sell Sharper Imagebranded products in other channels of distribution.

The company filed for Chapter 11 protection on Feb. 19, 2008(Bankr. D.D., Case No. 08-10322). Steven K. Kortanek, Esq. atWomble, Carlyle, Sandridge & Rice, P.L.L.C. represents theDebtor in its restructuring efforts. An Official Committee ofUnsecuredCreditors has been appointed in the case. WhitefordTaylor Preston LLC is the Committee's Delaware counselWhen the Debtor filed for bankruptcy, it listed total assets ofUS$251,500,000 and total debts of US$199,000,000.

The Court extended the exclusive period during which the Debtormay file a Plan through and including Sept. 16, 2008. SharperImage sought and obtained the Court's approval to change its nameto "TSIC, Inc." in relation to an an Asset Purchase Agreement bythe Debtor with Gordon Brothers Retail Partners, LLC, GB Brands,LLC, Hilco Merchant Resources, LLC, and Hilco Consumer Capital,LLC.

VERTIS HOLDINGS: Files July 2008 Initial Monthly Operating Report-----------------------------------------------------------------Vertis Holdings, Inc., and its debtor affiliates delivered to theU.S. Bankruptcy Court for the District of Delaware an Initial Monthly Operating Report on July 30, 2008. Among others, the Initial MOR included a copy of Vertis' 13-week cash projection, a list of Vertis active bank accounts, and a list of paid retainers.

For Vertis' cash flow projection for the 13-week period ending onOctober 10, 2008, the company expects, by the end of that period,to:

Vertis also disclosed that as of July 15, 2008, it has paidretainers, totaling $852,981, to its professionals. The companyalso attached to its Initial Monthly Operating Report copies ofits certificates of insurance.

A full-text copy of the Vertis Initial Monthly Operating Reportis available at no charge at :

The company and its six affiliates filed for Chapter 11 protection on July 15, 2008 (Bank.D.Del. Case No. 08-11460). Gary T. Holtzer, Esq. and Stephen A. Youngman, Esq. at Weil, Gotshal & Manges LLP represent as the Debtors lead counsels and Mark D. Collins, Esq. and Michael Joseph Merchant, Esq. at Richards Layton & Finger, P.A. represent as their Delaware local counsels. Lazard Freres & Co. LLC is the company's financial advisors. When the Debtors filed for protection from their creditors they listed estimated assets between $500 million and $1 billion and estimated debts of more than 1 billion.

Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities.Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers' public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each Wednesday's edition of the TCR. Submissions about insolvency- related conferences are encouraged. Send announcements to conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition of the TCR.

For copies of court documents filed in the District of Delaware, please contact Vito at Parcels, Inc., at 302-658-9911. For bankruptcy documents filed in cases pending outside the District of Delaware, contact Ken Troubh at Nationwide Research & Consulting at 207/791-2852.

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